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Dec 12, 2012 11:00pm EST
follow up with your last response there. given the fiscal cliff, is it possible that if the policymakers were not to agree to some sort of deal by the end of this year, and we were to go over the fiscal cliff come in the size of these asset purchases could grow in response to that. more specifically, you coined the phrase fiscal cliff. i want to get your take on whether you feel it is the most appropriate language to describe what would happen in the beginning of the year. there are some americans who may be alarmed by the language. some economists say it is. do you feel it is appropriate about the fiscal contraction of it, there is no deal. >> well, the first part of your question is -- if the economy actually ran off the fiscal cliff, our assessment, the outside forecasters all think about a very significant adverse effects on the economy and the unemployment rates. on the margin, we would try to do will be good. we would perhaps increase a bit. i would like to again be clear that we cannot offset the full impact of the fiscal cliff. it is just too big, given the tools we have available and the limitations on our policy toolki
Dec 4, 2012 11:00pm EST
looking at the fiscal cliffs we look at different aspects today we turn our attention to the amt and the patch that could work out a deal if they do nothing it will affect 30 million americans. john buckley thank you for being here. what is the alternative minimum tax? >>guest: you pay the greater of the regular income tax or under the minimum tax that has the broader-based to disallow those deductions. >> in some respects it is similar to the itemize deductions rather than directly attack it puts the overall cap there is no new ideas it bears a strong relationship. >>host: here's the form for the 2011 tax preparation the alternative minimum taxes you fall into it? how do you know, ? >> i believe you could only do this with computer programs like tax prepares if fried did not have that i do believe that at&t would have been killed along time ago if people really had to do that to figure out the details there would be a strong revolt against the complexity. it is extremely burdensome if you try to do it without preparation. >>host: give us the history. >>guest: in the current form enacted 1986 with long been the goal of pro
Search Results 0 to 1 of about 2